Mesirow Financial Investment Management Inc. Sells 7,422 Shares of Universal Technical Institute, Inc. (NYSE:UTI)

Mesirow Financial Investment Management Inc. cut its stake in shares of Universal Technical Institute, Inc. (NYSE:UTI) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,463 shares of the company’s stock after selling 7,422 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Universal Technical Institute were worth $235,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. RiverPark Advisors LLC acquired a new stake in Universal Technical Institute in the 2nd quarter valued at about $43,000. International Assets Investment Management LLC lifted its position in shares of Universal Technical Institute by 1,526.0% in the third quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Universal Technical Institute by 95,120.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock worth $150,000 after acquiring an additional 9,512 shares during the period. EntryPoint Capital LLC increased its holdings in shares of Universal Technical Institute by 54.2% during the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock worth $165,000 after acquiring an additional 3,643 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in Universal Technical Institute in the 2nd quarter valued at $167,000. 75.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Universal Technical Institute

In other news, CEO Jerome Alan Grant sold 68,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the sale, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 27.60% of the company’s stock.

Universal Technical Institute Stock Down 2.3 %

NYSE UTI opened at $20.14 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 1.48 and a beta of 1.34. The company has a 50 day moving average of $16.65 and a 200-day moving average of $16.39. Universal Technical Institute, Inc. has a 1-year low of $9.36 and a 1-year high of $20.73.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 price objective on shares of Universal Technical Institute in a research report on Wednesday, September 11th. B. Riley upped their price target on shares of Universal Technical Institute from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Northland Securities raised their price objective on shares of Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial began coverage on Universal Technical Institute in a research report on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Barrington Research reissued an “outperform” rating and set a $22.00 price target on shares of Universal Technical Institute in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $22.20.

Universal Technical Institute Company Profile

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.